Sensex gets a scare on global headwinds, dives 287 pts

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Mumbai, Sep 25 (PTI) Stocks were a bundle of nerves today as the Sensex plunged over 287 points and the Nifty broke below the 9,900-mark in opening trade on persistent concerns about US-North Korea tug-of-war amid foreign capital exit.

All sectoral indices were in the red, dragged down by capital goods, metal, consumer durables and healthcare, falling by up to 2.03 percent.

The BSE 30-share barometer tumbled 287.50 points, or 0.90 percent, to 31,634.94. The gauge had slumped 501.22 points in the previous four sessions.

Also, the 50-share NSE Nifty was trading down by 99.80 points, or 1 percent, at 9,864.60.

Traders said that apart from continuous foreign funds outflows, selling by retail investors amid lingering North Korea tensions led to a further drop in the Sensex.

Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,241.73 crore on Friday, showed provisional data released by the stock exchanges.

Major losers pulling down the key indices were Adani Ports, Lupin, Axis Bank, Tata Steel, SBI, L&T, Kotak Bank, Maruti Suzuki, Sun Pharma, Hero MotoCorp, Coal India and ONGC, declining up to 3.14 percent.

Hong Kong’s Hang Seng fell 1.16 percent while Shanghai Composite shed 0.38 percent in early trade today.

Japan’s Nikkei, however, was up 0.58 per cent.

The US Dow Jones Industrial Average ended 0.04 percent down on Friday.

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